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Dentons Advises Turcell on Ukrainian Elements of Euroasia Acquisition

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Dentons has advised Turkcell — the leading mobile phone operator in Turkey — in Ukraine on the acquisition of SCM Holdings Limited’s (SCM) 44.96% stake in Euroasia Telecommunications Holding B.V. (ETH).

As ETH — a Dutch company — was a joint venture between Turkcell and SCM, and Turkcell already owned the other 55.04%, the acquisition will leave Turkcell with 100% ownership of ETH, and thus sole ownership of Ukrainian mobile operator LLC Astelit, a wholly-owned ETH subsidiary, which operates in Ukraine under the “life:)” brand. The value of Turkcell’s acquisition of SCM's 44.96% stake was reportedly USD 100 million.

The Dentons Kyiv team was led by Partner Adam Mycyk, who commented: “We are extremely delighted to have helped our client, Turkcell, to bring this high profile transaction to its successful completion. This is indeed a significant transaction for the Ukrainian telecoms industry, and this again underscores our strong industry and M&A capabilities in Ukraine, as well as Turkcell’s commitment to Ukraine.”

Mycyk was assisted by Dentons Associates Anna Tkachenko and Yaroslav Malomuzh.

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AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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